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23 04, 2024

Natural Gas and Oil Forecast: Ascending Trendline Support Oil; Buy Now?

By |2024-04-23T07:38:55+02:00April 23, 2024|Forex News, News|0 Comments


Oil prices rebounded in Asian trading on Tuesday, finding support from the prospect of tightening supplies over the coming months, despite easing concerns of an Iran-Israel war which had previously escalated oil prices to near six-month highs.

The decline in geopolitical risk premiums in oil was linked to reduced fears of direct conflict between Iran and Israel, as Iran downplayed the impact of recent strikes and showed no immediate intent to retaliate.



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23 04, 2024

Bioactive Components in Coffee Market 2024 Size, Share Forecast Report 2032

By |2024-04-23T01:24:50+02:00April 23, 2024|Forex News, News|0 Comments


Bioactive Components in Coffee Market” Size, Share, and Trends Analysis Report 2024: By Types (by Product Type, Organic, Conventional, by Extraction Methods, Solid-liquid extraction, Solid-phase extraction, Liquid-liquid extraction, Others, by Source, Arabica, Robusta, Others, , In Chapter 7 and Chapter 10, on the basis of applications, the Bioactive Components in Coffee market from 2018 to 2028 covers:, Food & Beverage, Pharmaceutical, Others), By Applications (Food & Beverage, Pharmaceutical, Others), By Segmentation Analysis, Regions, and Forecast to 2032. The Bioactive Components in Coffee Top Manufacturers’ Market Status is comprehensively analyzed in the Global Bioactive Components in Coffee Market Report, which includes Full TOC, Graphs & Statistics, Illustration with The Key Analysis, Pre & Post COVID-19 Market Emerging Impact Analysis & Situation by Regions, significance, Definition, SWOT analysis, PESTAL analysis, expert opinions, and the latest global developments.

Get a Sample PDF of report – https://www.marketreportsworld.com/enquiry/request-sample/25781101

Who is the largest manufacturers of Bioactive Components in Coffee Market worldwide?

  • BASF
  • Nutragreen Biotechnology
  • Jilin Shulan
  • Indfrag
  • EUROMED SA
  • Taj Pharmaceuticals
  • Applied Food Sciences
  • Bakul Group
  • Zhejiang Skyherb
  • CSPC
  • Naturex
  • Sabinsa Corporation
  • Cymbio Pharma
  • Changsha staherb natural ingredients
  • Spectrum Chemical
  • Aarti Healthcare
  • Kudos Chemie Limited
  • Chenguang Biotech
  • Shandong Xinhua
  • Changsha E.K HERB

Short Description About Bioactive Components in Coffee Market:

The Global Bioactive Components in Coffee Market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2031. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

According to the latest research, the global Bioactive Components in Coffee market size was valued at USD million in 2022 and is expected to expand at a CAGR during the forecast period, reaching USD million by 2028.This report elaborates on the market size, market characteristics, and market growth of the Bioactive Components in Coffee industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Bioactive Components in Coffee. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.Key Points this Global Bioactive Components in Coffee Market Report Include:Market Size Estimates: Bioactive Components in Coffee market size estimation in terms of revenue and sales from 2018-2028Market Dynamic and Trends: Bioactive Components in Coffee market drivers, restraints, opportunities, and challengesMacro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Bioactive Components in Coffee marketSegment Market Analysis: Bioactive Components in Coffee market revenue and sales by type and by application from 2018-2028Regional Market Analysis: Bioactive Components in Coffee market situations and prospects in major and top regions and countriesBioactive Components in Coffee Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Bioactive Components in Coffee Industry Chain: Bioactive Components in Coffee market raw materials & suppliers, manufacturing process, distributors by region, downstream customersBioactive Components in Coffee Industry News, Policies by regionsBioactive Components in Coffee Industry Porters Five Forces Analysis

Ask for A Sample Report

What Are the Factors Driving applications of the Growth of the Bioactive Components in Coffee Market?

  • Food & Beverage
  • Pharmaceutical
  • Others

What is the Bioactive Components in Coffee Market growth?

Bioactive Components in Coffee Market Size is projected to Reach Multimillion USD by 2032, In comparison to 2022, at unexpected CAGR during the forecast Period 2024-2032.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 94 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

What Are the Types of Bioactive Components in Coffee Market Available in The Market?

The market is segmented based on the following product types, which in 2022 represented the largest share of the global Bioactive Components in Coffee market.

  • by Product Type
  • Organic
  • Conventional
  • by Extraction Methods
  • Solid-liquid extraction
  • Solid-phase extraction
  • Liquid-liquid extraction
  • Others
  • by Source
  • Arabica
  • Robusta
  • Others
  • In Chapter 7 and Chapter 10, on the basis of applications, the Bioactive Components in Coffee market from 2018 to 2028 covers:
  • Food & Beverage
  • Pharmaceutical
  • Others

Inquire more and share questions if any before the purchase on this report at – https://www.marketreportsworld.com/enquiry/request-sample/25781101

Which Regions Are Leading the Bioactive Components in Coffee Market?

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

To Understand How COVID-19 Impact is Covered in This Report. Request a Sample Copy of the Report

This Bioactive Components in Coffee Market Research/Analysis Report Contains Answers to your following Questions

  • What are the current worldwide trends in the Bioactive Components in Coffee market? In the upcoming years, will demand on the market grow or dropped?
  • What is the estimated demand for different types of products in Consumer Goods Contract Packaging? What are the upcoming industry applications and trends for Bioactive Components in Coffee Market?
  • What Are Projections of Global Bioactive Components in Coffee Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • Where will the strategic developments take the industry in the mid to long-term?
  • What are the factors contributing to the final price of Consumer Goods Contract Packaging? What are the raw materials used for Bioactive Components in Coffee Market manufacturing?
  • How big is the opportunity for the Bioactive Components in Coffee Market? How will the increasing adoption of Bioactive Components in Coffee Market for mining impact the growth rate of the overall market?
  • How much is the global Bioactive Components in Coffee Market worth? What was the value of the market in 2020?
  • Who are the major players operating in the Bioactive Components in Coffee Market? Which companies are the front runners?
  • Which are the recent industry trends that can be implemented to generate additional revenue streams?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Bioactive Components in Coffee Market Industry?

Bioactive Components in Coffee Market – Covid-19 Impact and Recovery Analysis:

We maintained updated on the immediate impact of COVID-19 in this market as well as its secondary impacts from many businesses. This article examines the pandemic’s impact on the keyword market both globally and locally. According to kind, utility, and consumer sector, the study describes the market size, market characteristics, and market growth for the consumer goods contractual manufacturing business. Furthermore, it offers a comprehensive analysis of the additives involved in market development before and during the COVID-19 pandemic. Report further conducted a probing analysis of the industry to identify major influencers and entrance barriers. Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we’re constantly inclined to conform with the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.

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Detailed TOC of Global Bioactive Components in Coffee Market Research Report 2023

1 Bioactive Components in Coffee Market Overview

1.1 Product Overview and Scope of Bioactive Components in Coffee

1.2 Bioactive Components in Coffee Segment by Type

1.3 Bioactive Components in Coffee Segment by Application

1.4 Global Market Growth Prospects

1.5 Global Market Size by Region

2 Market Competition by Manufacturers

2.1 Global Bioactive Components in Coffee Production Capacity Market Share by Manufacturers (2017-2023)

2.2 Global Bioactive Components in Coffee Revenue Market Share by Manufacturers (2017-2023)

2.3 Bioactive Components in Coffee Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.4 Global Bioactive Components in Coffee Average Price by Manufacturers (2017-2023)

2.5 Manufacturers Bioactive Components in Coffee Production Sites, Area Served, Product Types

2.6 Bioactive Components in Coffee Market Competitive Situation and Trends

3 Production Capacity by Region

3.1 Global Production Capacity of Bioactive Components in Coffee Market Share by Region (2017-2023)

3.2 Global Bioactive Components in Coffee Revenue Market Share by Region (2017-2023)

3.3 Global Bioactive Components in Coffee Production Capacity, Revenue, Price and Gross Margin (2017-2023)

3.4 North America Bioactive Components in Coffee Production

3.5 Europe Bioactive Components in Coffee Production

3.6 China Bioactive Components in Coffee Production

3.7 Japan Bioactive Components in Coffee Production

4 Global Bioactive Components in Coffee Consumption by Region

4.1 Global Bioactive Components in Coffee Consumption by Region

4.2 North America

4.3 Europe

4.4 Asia Pacific

4.5 Latin America

5 Segment by Type

5.1 Global Bioactive Components in Coffee Production Market Share by Type (2017-2023)

5.2 Global Bioactive Components in Coffee Revenue Market Share by Type (2017-2023)

5.3 Global Bioactive Components in Coffee Price by Type (2017-2023)

6 Segment by Application

6.1 Global Bioactive Components in Coffee Production Market Share by Application (2017-2023)

6.2 Global Bioactive Components in Coffee Revenue Market Share by Application (2017-2023)

6.3 Global Bioactive Components in Coffee Price by Application (2017-2023)

7 Key Companies Profiled

Continue…

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22 04, 2024

here’s why it is in an unstoppable bull run

By |2024-04-22T15:17:57+02:00April 22, 2024|Forex News, News|0 Comments


2024-04-22 07:37:11 ET

Copper price continued its remarkable bull run this week, making it one of the best-performing metals this year. It has jumped to $4.5, its highest point in over two years. It jumped for four straight days and by over 120% from its lowest point in March 2020. Notably, copper has risen for five straight week, the first time it happened since 2020.

Manufacturing activity is recovering

The price of copper is jumping because of the rising manufacturing activity around the world. A report by ISM showed that the US manufacturing PMI rose to 52 in March, the first time that happened in over two years.

The same trend is happening in other countries. In China, the biggest manufacturer in the world, saw its PMI jump to 50.8, signalling that the activity is doing well. A recent report also showed that China’s industrial production jumped by 5.3% in March.

Analysts believe that this recovery will continue in the coming years as demand of clean energy items rise. Most reports estimate that the copper industry will remain in a deficit because of the rising demand.

Copper supply problems

The other reason why copper price is soaring is the ongoing supply challenges. Just last week, the Biden administration rejected a 211-mile industrial road in Alaska that would have helped turn the state into the biggest copper project in the US. The road would have cost the company $7.5 billion.

This Alaska project is not the only one facing permitting headwinds many copper projects around the world. Studies show that most new mines take over a decade conducting permitting and environmental impact assessment (EIA) studies.

Another example is a $10 billion mine in Panama, which was

cancelled

this month, costing First Quantum billions of dollars. The Cobre Panama mine was expected to bring over $10 billion in revenue and was supposed to account for between 4% and 5% of the country’s GDP.

At the same time, most of the copper mines in existence today are from aging mines, which are costly to produce. A good example of this is Chile’s biggest mine, which is producing below 250k metric tons today compared to over 500k in 2010.

Other companies in Chile, including

Teck Resources

, have seen the cost of mining jump, leading to lower production.

Meanwhile, the price of copper has surged because of the rising inflation around the world. Other commodities like crude oil, gold, silver, and platinum have also jumped sharply in the past few months.

These commodities are seen as hedges against inflation since their prices rise when inflation is rising.

Copper price forecast

Copper price


Copper chart by TradingView

The price of copper has jumped sharply in the past few weeks. Its price has risen for five weeks straight, moving to its highest level since April 2022. The price has jumped above the crucial resistance at $4.35, its highest swing in January 2023.

It has also formed a cup and handle pattern, which is usually a bullish sign. Copper has also jumped above the 50-week moving average and the 23.6% Fibonacci Retracement level. Therefore, the outlook for copper is bullish, with the next point to watch being at $5, the highest swing in March 2022.

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Copper price forecast: here’s why it is in an unstoppable bull run

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22 04, 2024

XAU/USD returns to the red after failing above $2,400 yet again

By |2024-04-22T11:16:38+02:00April 22, 2024|Forex News, News|0 Comments


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  • Gold price extends pullback as Middle East fears calm down.
  • US Dollar weakens amid upbeat mood, despite rebounding US Treasury bond yields.
  • Gold price targets $2,350 on a sustained break below 50-SMA at $2,370 on the 4H chart.

Gold price has returned to the red in Monday’s Asian trading, snapping two back-to-back days of gains. The extended Gold price pullback could be attrbuted to a renewed uptick in the US Treasury bond yields, as markets calm down after no further geopolitical escalation in the Middle East over the weekend.  

Focus shifts to top-tier US events this week

Reports on early Friday that Israeli missiles struck a site in Iran, per ABC News, citing a US official, triggered broad risk-aversion. However, no official comments from Israel confirming the same and denial by Iranian authorities turned markets into a risk reset mode.

Gold price initially spiked up to near $2,420 on mounting geopolitical risks but pulled back to settle below the $2,400 threshold, as risk sentiment recovered. The sharp turn around in the US Dollar and the US Treasury bond yields also contributed to the retracement in Gold price last Friday.

In Monday’s trading so far, investors are breathing a sigh of relief amid a likely thaw in the Israel-Iran conflict, helping risk flows to return. The People’s Bank of China (PBOC) left the key Loan Prime Rates unchanged, although failed to deter the risk-on market mood.

Gold price moves further away from the record highs of $2,432 even though the US Dollar stays defensive on risk appetite. The reduction in the demand for another safe-haven asset, the US Treasury bonds, fuels a fresh upswing in the US Treasury bond yields, accentuating the corrective decline in Gold price.

Later in the day, if the US Dollar finds renewed demand, courtesy of firmer US Treasury bond yields, Gold price pullback could gain momentum. The US economic calendar is devoid of any top-tier data releases on Monday, and hence, risk sentiment and the US Dollar dynamics will continue to influence the Gold price action.

Meanwhile, the US Federal Reserve (Fed) entered its ‘blackout period’ on Saturday, ahead of the May 1 policy announcements. Geopolitical developments will also draw investors’ attention.

Gold price technical analysis: Four-hour chart

As observed on the four-hour chart, Gold price has pierced through the 21-Simple Moving Average (SMA) at $2,382 to challenge the next key support at $2,370 – the 50-day SMA.

A four-hourly candlestick closing below the latter could initiate a fresh downtrend toward the 100-SMA at $2,325. At that level, the April 15 low concurs.

However, Gold sellers need to crack the $2,350 psychological level beforehand.

The Relative Strength Index (RSI), a leading indicator, has entered the negative territory to hover near 48.00, justifying the bearish potential.

On the flip side, Gold price could face the initial hurlde at the 21-SMA at $2,382 (previous support now resistance) on the road to recovery. Further up, the $24,00 round level will be challenged.

Acceptance above the latter will fuel a fresh upswing for a test of Friday’s high of $2,418. Further up, the lifetime highs of $2,432 will come into play.

Gold FAQs

Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

 

  • Gold price extends pullback as Middle East fears calm down.
  • US Dollar weakens amid upbeat mood, despite rebounding US Treasury bond yields.
  • Gold price targets $2,350 on a sustained break below 50-SMA at $2,370 on the 4H chart.

Gold price has returned to the red in Monday’s Asian trading, snapping two back-to-back days of gains. The extended Gold price pullback could be attrbuted to a renewed uptick in the US Treasury bond yields, as markets calm down after no further geopolitical escalation in the Middle East over the weekend.  

Focus shifts to top-tier US events this week

Reports on early Friday that Israeli missiles struck a site in Iran, per ABC News, citing a US official, triggered broad risk-aversion. However, no official comments from Israel confirming the same and denial by Iranian authorities turned markets into a risk reset mode.

Gold price initially spiked up to near $2,420 on mounting geopolitical risks but pulled back to settle below the $2,400 threshold, as risk sentiment recovered. The sharp turn around in the US Dollar and the US Treasury bond yields also contributed to the retracement in Gold price last Friday.

In Monday’s trading so far, investors are breathing a sigh of relief amid a likely thaw in the Israel-Iran conflict, helping risk flows to return. The People’s Bank of China (PBOC) left the key Loan Prime Rates unchanged, although failed to deter the risk-on market mood.

Gold price moves further away from the record highs of $2,432 even though the US Dollar stays defensive on risk appetite. The reduction in the demand for another safe-haven asset, the US Treasury bonds, fuels a fresh upswing in the US Treasury bond yields, accentuating the corrective decline in Gold price.

Later in the day, if the US Dollar finds renewed demand, courtesy of firmer US Treasury bond yields, Gold price pullback could gain momentum. The US economic calendar is devoid of any top-tier data releases on Monday, and hence, risk sentiment and the US Dollar dynamics will continue to influence the Gold price action.

Meanwhile, the US Federal Reserve (Fed) entered its ‘blackout period’ on Saturday, ahead of the May 1 policy announcements. Geopolitical developments will also draw investors’ attention.

Gold price technical analysis: Four-hour chart

As observed on the four-hour chart, Gold price has pierced through the 21-Simple Moving Average (SMA) at $2,382 to challenge the next key support at $2,370 – the 50-day SMA.

A four-hourly candlestick closing below the latter could initiate a fresh downtrend toward the 100-SMA at $2,325. At that level, the April 15 low concurs.

However, Gold sellers need to crack the $2,350 psychological level beforehand.

The Relative Strength Index (RSI), a leading indicator, has entered the negative territory to hover near 48.00, justifying the bearish potential.

On the flip side, Gold price could face the initial hurlde at the 21-SMA at $2,382 (previous support now resistance) on the road to recovery. Further up, the $24,00 round level will be challenged.

Acceptance above the latter will fuel a fresh upswing for a test of Friday’s high of $2,418. Further up, the lifetime highs of $2,432 will come into play.

Gold FAQs

Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

 



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22 04, 2024

Copper Price Update: Q1 2024 in Review

By |2024-04-22T09:15:20+02:00April 22, 2024|Forex News, News|0 Comments


Copper prices on the London Metal Exchange (LME) saw upward momentum in the first quarter of the year on the back of tightening supply and increasing demand from the energy transition.

After bottoming out at US$7,800 per metric ton (MT) in the fall of 2023, copper prices bounced back to start 2024 in higher territory, but elevated supply kept the red metal trading in the US$8,000 to US$8,500 range until mid-March.

Since then, copper has seen strong gains, reaching a quarterly high of US$8,973 on March 18. With increasing market volatility since the start of April, prices continued trending up to reach US$9,365 on April 10.


How did copper prices perform in Q1?

At the start of 2024, analysts expected copper prices to be rangebound. A surplus was anticipated, even with lowered supply due to the shuttering of a major mine and guidance cuts elsewhere. Deficits weren’t expected to start forming until 2025 as supply came under more pressure due to increasing demand from the energy transition.

At the time, independent metals and mining consultant Karen Norton told the Investing News Network (INN), “With the market now looking more finely balanced, prices are likely to prove more susceptible to broader swings in either direction in the advent of significant news that affects the market.”

Copper price, Q1 2024.

Chart via the London Metal Exchange.

Copper’s price uptick in March came as the market felt the loss of First Quantum Minerals’ (TSX:FM,OTC Pink:FQVLF) Cobre Panama mine, as well as guidance cuts from Anglo American (LSE:AAL,OTCQX:AAUKF) and steady declines at Chile’s Chuquicamata mine. Together they caused concentrate supply to become increasingly tight.

In mid-March, top Chinese smelters announced plans to work together to cut production. Limited supply had forced them to lower their treatment and refining charges (TC/RCs), but this stressed their profitability.

In an email to INN at the beginning of April, Exploration Insights Editor Joe Mazumdar said, “The concentrate market balance is accurately reflected in the fall of TC/RCs. To ensure the profitability of the domestic smelters, the Chinese manufacturers have decided to cut production, bring maintenance work forward and/or delay further expansions.”

According to Mazumdar, the cuts to smelter capacity will begin to put pressure on the availability of refined stockpiles and push copper closer to a deficit position sooner than expected.

This supply bottleneck caused significant gains for the metal’s price through the last half of March and into April.

While this is largely good news for copper producers as high prices and low TC/RCs improve margins, Mazumdar thinks the price will need to stay elevated to have any real impact on investment into the industry.

“Companies may need a longer period of higher prices to incentivize them to build projects given the capital expenditure blowouts witnessed by the construction of projects such as Quebrada Blanca 2 by Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) in Chile,” he said.

First Quantum not giving up on Cobre Panama

The event that has had the biggest impact on copper supply recently is the closure of the Cobre Panama mine in Q4 2023. The mine’s annual output of 331,000 MT of copper accounted for 1 percent of global production — a significant number for an industry set to face increasing demand and a lack of incoming new supply.

Cobre Panama became a contentious issue during the year as First Quantum and the government of Panama renegotiated a company-friendly contract that dated back to 1997. Panama ultimately approved a new deal in October 2023 that guaranteed the country would receive at least US$375 million annually from First Quantum, and the company received a 20 year extension to continue operations at the mine.

However, public sentiment deteriorated after the approval, leading to protests. The deal was ultimately overturned by the Supreme Court and Panamanian President Laurentino Cortizo ordered the mine to close.

First Quantum announced in December 2023 that it had launched international arbitration proceedings to challenge the court’s ruling, but so far no date has been set for the commencement of talks.

Panama will be holding elections in May as Cortizo completes his second and final term, meaning the country will soon have a new administration. Mazumdar told INN that First Quantum intends to negotiate with the incoming administration in the hopes of striking a deal that is favorable to both parties.

“The current president will not stand in the next election in May 2024; therefore First Quantum plans on working with whomever is elected to try and restart the mine and avoid the arbitration. Cobre Panama represents about 5 percent of the GDP of Panama and employs 30,000 to 40,000 people directly and indirectly,” he said.

Governments recognize copper’s critical status

In 2022, the US government established the Minerals Security Partnership (MSP), which is now made up of 14 countries, including the US, Canada, Australia, Estonia, Japan, South Korea and Sweden, as well as the EU.

Among its goals is advancing critical minerals projects that meet ESG standards.

In February, the MSP announced the signing of a memorandum of understanding between Gecamines, the Democratic Republic of Congo’s state-run mining company, and the Japan Organization for Metals and Energy Security. The deal will create a framework for the two to coordinate and cooperate in mineral exploration, development and production in the Lobito Corridor, where Gecamines currently oversees the production of 1.5 million MT of copper cathode.

This past March the MSP held a forum on the sidelines of the Prospectors & Developers Association of Canada convention to discuss matters around mineral security with a focus on shoring up the supply of commodities that are critical to the energy transition, including copper, and to advance the development of domestic supply chains.

At the meeting, the group confirmed it was working on 23 projects covering a breadth of minerals critical to the energy transition, including copper. Sixteen of the projects involve upstream mining and mineral extraction, while seven center around midstream processing and another seven focus on recycling and recovering. As for location, six are in the Americas, five are in Europe, 13 are in Africa and three are in the Asia-Pacific region.

This work comes amid increasing geopolitical tensions between the US and China over key issues, including the latter’s increasing buildout of mining assets in Africa. Russia’s war with Ukraine has also caused a tricky landscape.

For its part, the US is encouraging manufacturers to use minerals from nations with which it has free-trade agreements, like those in the MSP, as part of the Inflation Reduction Act (IRA), which was introduced in 2022.

Ultimately, the goal of the MSP, the IRA and other regional programs is to help accelerate critical minerals projects by working with government and industry to help secure funding, provide diplomatic support and diversify supply chains.

Investor takeaway

Copper’s supply stresses look likely to continue in 2024 and beyond due to a lack of new supply in the pipeline, and slow permitting times for assets that are underway. At the same time, the red metal is expected to see higher demand from renewable electricity generation, electric vehicle production and increasing infrastructure needs.

However, now that more governments are labeling copper a critical mineral, there’s hope that bottlenecks in supply may lessen and new projects may be able to make progress. Overall, a landscape is emerging that could benefit investors who are looking for long-term plays in an industry facing immense supply-side constraints in the coming years.

Still, given the challenges in discovery, permitting and approval, investors should do their due diligence, researching all aspects of a company, including its biggest projects and the risks associated with them.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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22 04, 2024

Gold Prices Forecast: XAG/USD Soars Amid Geopolitical Tensions

By |2024-04-22T05:12:37+02:00April 22, 2024|Forex News, News|0 Comments


FXEmpire.com –

Gold Market Update

Gold prices closed higher as geopolitical tensions and economic factors bolstered the precious metal’s appeal as a safe-haven asset. The escalation in the Middle East, coupled with a softer U.S. dollar and lower Treasury yields, significantly influenced gold’s market behavior last Friday.

On Friday, XAU/USD settled at $2392.07, up $13.02 or +0.55%.

Daily Gold (XAU/USD)

Geopolitical Tensions and Economic Indicators

The recent increase in gold prices can be primarily attributed to escalating tensions between Iran and Israel. An attack over the Iranian city of Isfahan, believed to be carried out by Israel, has intensified market fears, propelling safe-haven investments. Despite Tehran indicating no immediate plans for retaliation, the situation remains a key driver for market sentiment.

On the economic front, U.S. Treasury yields experienced a dip following the geopolitical events and recent economic data, which showed varying signals about the economic situation. The yield on the 10-year Treasury note fell by more than 2 basis points to 4.623%, reflecting a growing caution among investors. The Federal Reserve officials have also hinted at maintaining higher interest rates for a prolonged period, countering expectations of an imminent rate cut.

Federal Reserve’s Stance on Interest Rates

Recent statements by Federal Reserve officials suggest a consensus on the absence of urgency to cut interest rates soon. This perspective has been echoed by multiple Fed presidents, including John Williams of the New York Fed and Raphael Bostic of the Atlanta Fed. Their remarks underline a strategy to keep interest rates elevated to manage economic strength and inflationary pressures effectively.

Market Reaction and Outlook

The market’s focus has shifted slightly from Federal Reserve policies to geopolitical risks, impacting investor strategies and the valuation of gold. As the Federal Reserve leans towards a ‘higher for longer’ interest rate environment, and with ongoing geopolitical tensions, gold’s appeal as a non-yielding asset could be further enhanced.

Short-term Market Forecast

Considering the current geopolitical environment and the Federal Reserve’s monetary policy direction, gold is expected to maintain its bullish momentum in the short term. The metal’s safe-haven status is likely to be supported by sustained demand amidst geopolitical uncertainties and a cautious economic outlook. Investors should closely monitor developments in the Middle East and any changes in U.S. economic indicators that could influence Fed decisions, as these factors will be crucial in shaping gold’s near-term path.

This article was originally posted on FX Empire

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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21 04, 2024

Gold Prices Forecast: XAG/USD Soars Amid Geopolitical Tensions

By |2024-04-21T09:00:01+02:00April 21, 2024|Forex News, News|0 Comments


Daily Gold (XAU/USD)

Geopolitical Tensions and Economic Indicators

The recent increase in gold prices can be primarily attributed to escalating tensions between Iran and Israel. An attack over the Iranian city of Isfahan, believed to be carried out by Israel, has intensified market fears, propelling safe-haven investments. Despite Tehran indicating no immediate plans for retaliation, the situation remains a key driver for market sentiment.

On the economic front, U.S. Treasury yields experienced a dip following the geopolitical events and recent economic data, which showed varying signals about the economic situation. The yield on the 10-year Treasury note fell by more than 2 basis points to 4.623%, reflecting a growing caution among investors. The Federal Reserve officials have also hinted at maintaining higher interest rates for a prolonged period, countering expectations of an imminent rate cut.

Federal Reserve’s Stance on Interest Rates

Recent statements by Federal Reserve officials suggest a consensus on the absence of urgency to cut interest rates soon. This perspective has been echoed by multiple Fed presidents, including John Williams of the New York Fed and Raphael Bostic of the Atlanta Fed. Their remarks underline a strategy to keep interest rates elevated to manage economic strength and inflationary pressures effectively.

Market Reaction and Outlook

The market’s focus has shifted slightly from Federal Reserve policies to geopolitical risks, impacting investor strategies and the valuation of gold. As the Federal Reserve leans towards a ‘higher for longer’ interest rate environment, and with ongoing geopolitical tensions, gold’s appeal as a non-yielding asset could be further enhanced.

Short-term Market Forecast

Considering the current geopolitical environment and the Federal Reserve’s monetary policy direction, gold is expected to maintain its bullish momentum in the short term. The metal’s safe-haven status is likely to be supported by sustained demand amidst geopolitical uncertainties and a cautious economic outlook. Investors should closely monitor developments in the Middle East and any changes in U.S. economic indicators that could influence Fed decisions, as these factors will be crucial in shaping gold’s near-term path.



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21 04, 2024

Citi on what’s next for cocoa and coffee prices after a record rally

By |2024-04-21T06:59:13+02:00April 21, 2024|Forex News, News|0 Comments


A worker picks cocoa fruit at the Somos Cacao farm in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024.

Bloomberg | Bloomberg | Getty Images

Citi says a record-breaking rally for cocoa and coffee prices could yet have further room to run, citing adverse weather conditions and demand expectations.

In New York, benchmark ICE cocoa futures traded 1.6% lower at $9,370 per metric ton on Thursday. The contract, which recently surpassed the $10,000 threshold for the first time, has surged more than 120% so far this year.

Citi expects cocoa trading to stabilize in a range between $9,000 to $10,000 per metric ton over the next three to four weeks.

Beyond that, analysts at the Wall Street bank said in a research note out on Wednesday that it sees “two-way financial market risks” in the second half the year — and that the May to June period “could represent a turning point in the cocoa bull cycle.”

Citi said cocoa grindings, which result from bean processing and are a measure of demand, will be one key factor likely to determine whether prices have any further upside.

Citi said a significant contraction in first-quarter grindings data and a drop in origin processing might suffice for New York and London cocoa markets to unwind by up to 25% to the $7,000 to $7,500 range.

“But if cocoa grindings only marginally subside (as was the case in 4Q’23) and industry statements imply limited consumer pushback, then traders could quickly target $11,000-12,000/t,” analysts at the bank said.

Overall, Citi says it remains “mildly bearish” on cocoa prices through to year-end and more so in the 2025 calendar year.

Gary Chau holds fresh beans at the roastery and headquarters for Caffe Luxxe in Gardena on Thursday, March 28, 2024. The South Bay based Caffe Luxxe, a third-wave independent coffee shop has opened a new Manhattan Beach location.

Medianews Group/long Beach Press-telegram Via Getty Images | Medianews Group | Getty Images

Difficult weather conditions and disease have affected production in West Africa, which supplies about 70% of the world’s cocoa. The two largest producers, Ivory Coast and Ghana, were recently hit by a combination of heavy rain, dry heat and disease.

El Niño-related dryness in much of Southeast Asia, India, Australia and parts of Africa has supported a price rally for soft commodities such as sugar, coffee and cocoa in recent months, the Netherlands-based Rabobank said in its annual outlook for 2024.

The El Niño phenomenon, which returned last year, is a naturally occurring climate pattern that takes place when sea temperatures in the eastern Pacific rise 0.5 degrees Celsius above the long-term average. It can pave the way to more storms and droughts.

What about coffee?

In its outlook for coffee, Citi said prices could rally in both the short and medium term.

Arabica coffee futures with May delivery climbed above the key barrier of $2 per pound on Wednesday, notching a new high for the year. The contract was last seen trading 1.8% higher at $2.07 on Thursday.

“The current move can largely be attributed to a heat wave in Vietnam affecting Robusta coffee production and as a result, providing carryover support for premium Arabica beans,” Aakash Doshi, senior commodities strategist at Citi, said in a research note published Thursday.

Citi said recent price action had exceeded its short-term target of $1.85 and the team was now poised for a near-term rally up to between $2.1 and $2.2 on the back of adverse weather conditions and further financial inflows, among other market signals.

The bank said that it expects Arabica coffee futures to trade in a range between $1.88 to $2.15 through the 2024 calendar year, adding that it is poised increase its projections further if the physical outlook tightens.

— CNBC’s Michael Bloom, Spencer Kimball & Fred Imbert contributed to this report.



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21 04, 2024

XAU/USD Bull Trend Refuses to Quit

By |2024-04-21T02:55:31+02:00April 21, 2024|Forex News, News|0 Comments


Gold Weekly Forecast: Neutral

  • Gold price shaped by Middle East Conflict to end the Week
  • The prospect of de-escalation and the potential for positive earnings may allow a brief reprieve from overbought conditions
  • US data returns as Q1 GDP and PCE inflation headline next week’s calendar
  • Empower yourself to make informed trading decisions this quarter – download our Gold Q2 forecast

Recommended by Richard Snow

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Gold Price Shaped by Middle East Conflict to end the Week

Gold is a well-known safe haven and has acted like one during the latest phase of the conflict in the Middle East involving Israel and Iran. In the early hours of Friday morning, the precious metal spiked higher as reports of explosions in Iran spread. Israel has communicated that it would respond after hundreds of Iranian drones targeted the nation but proved mostly ineffective in the end.

The international community watched on, hoping for a de-escalation which may be on the cards as Iran appears not to have any immediate plan to retaliate, according to a senior Iranian official – Sky News.

In fact, reports out of Iran have brushed off that this was an attack and prefer to call it an infiltration rather than an attack as no major damage was reported.

Nevertheless, gold prices spiked higher and as more detail emerged, eased throughout the morning. Later on in the day, gold appeared to revert back into its upward trajectory, looking to close the week higher for a fifth consecutive time. Gold trades above the 1.618% Fibonacci extension of the major 2020-2022 move ($2360) and a weekly close above this level reinforces the solid uptrend and a retest of the all-time high and potentially another push higher, towards $2500.

Gold (XAU/USD) Daily Chart

Source: TradingView, prepared by Richard Snow

However, US tech stocks and even AI-focused stocks are due to announce earnings for the first quarter of the year which may help risk assets halt the sell-off if the overall mood is positive. With the Fed likely to delay rate cuts, potentially to next year, US equities have endured the sharpest pullback since the impressive bull run began in October last year.

Therefore, with the prospect of de-escalation and the possibility of encouraging earnings reports, gold may finally recover from overbought conditions and consolidate. It must be noted that the bull trend is very much still in play over the more medium-term but next week could see the metal’s impetus dampened to a degree all else equal.

Gold (XAU/USD) Weekly Chart

Source: TradingView, prepared by Richard Snow

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Major Event Risk on the Horizon: US Data Returns to Prominence

There are a number of important data points next week including Australian CPI, EU flash PMI data and the Bank of Japan meeting but the most relevant data for gold, lies with the US GDP and PCE figures.

Customize and filter live economic data via our DailyFX economic calendar

— Written by Richard Snow for DailyFX.com

Contact and follow Richard on Twitter: @RichardSnowFX





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19 04, 2024

Natural Gas Price Forecast: Rebound Faces Resistance at Moving Average Zone

By |2024-04-19T20:37:16+02:00April 19, 2024|Forex News, News|0 Comments


FXEmpire.com – Natural gas bounces to test a moving average resistance zone with the day’s high of 1.78. Today’s advance (Thursday) broke out above the high of Wednesday, which was an inside day. Natural gas is on track to end the day above yesterday’s high of 1.72. However, it remains inside the wide trading range from Monday, and it is also within a developing bearish pennant consolidation pattern.

Signs of strength seen today may take the price of natural gas up to the top boundary line to test resistance. However, it is not clear whether Tuesday’s swing low will be the low of the swing until there is an advance above Monday’s high of 1.80.

Choppy Moves While in Consolidation

Until natural gas breaks out of the pennant consolidation pattern trading will likely be choppy and difficult to predict, as with any consolidation period. Volatility can be expected to decline as the pennant narrows the trading range as the apex of the triangle is approached.

Further, the three moving averages representing different time frames of 8-Day, 20-Day, and 50-Day have converged. This is another indication of low volatility. How natural gas behaves when testing the upper or lower boundary lines will provide clues as you whether a breakout to the upside or downside may occur.

Consolidation Could Continue for Weeks

The pattern is bearish since natural gas remains in a downtrend and there was a sharp decline prior to the formation of the pennant. Nevertheless, it is not determined until a breakout occurs. A breakout either up or down should occur before the apex is reached. This means that trading within the pennant could go on for as long as more seven weeks. Regardless, a breakout could occur at any time as the pennant is already well defined.

8-Week Moving Average Recaptured

It is interesting to note that there was a breakdown from last week’s bearish shooting star candlestick pattern (not shown) before this week’s low of 1.65 was reached, leading to a bounce. Also, the 8-Week MA, which had marked support for the last two weeks was broken to the downside. Today’s advance has recaptured the 8-Week MA, a sign of strength. Confirmation of strength will be provided on a daily close above the current price for the 8-Week MA at 1.75. Natural gas exceeded that level today.

For a look at all of today’s economic events, check out our economic calendar.

This article was originally posted on FX Empire

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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